DALLAS—Call it a turnaround of mass proportion. Drever Capital Management just sold Honey Creek, a 656-unit workforce housing community in North Dallas, after a $3.7 million, seven-year redesign and repositioning that saw the occupancy rise from 80% to 94%.

B.H. Management acquired the three-story, 22-acre multifamily community that sits at 11611 Ferguson Road off Interstate 635. ARA's Brian J. O'Boyle Sr., Brian Murphy, Brian O' Boyle Jr., and Jakob Andersen represented the seller. Financial terms of the deal were not disclosed.

“At 656 units, Honey Creek is a monster of a property,” Noah Drever, senior managing director of Drever, tells GlobeSt.com. “In multifamily housing, size is a multiplier of your potential profit, but it is also a multiplier of your potential problems.”